Compensation of employees in Namibia
Namibia: Compensation of employees was 38.8% in 2023. ▼ Falling
Compensation of employees in Namibia, 1991–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for compensation of employees in Namibia is 38.8%, measured in 2023. That is the lowest value across all 27 years on record.
The figure is down 9.5% on the previous year and down 10.0% over ten years.
Over the whole period, compensation of employees in Namibia peaked at 52.6% in 1992 and was at its lowest, 38.8%, in 2023.
Namibia ranks 33rd of 155 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 27 years of available data.
Compensation of employees in Namibia, year by year
| Year | % of expense | Change |
|---|---|---|
| 1991 | 50.1% | — |
| 1992 | 52.6% | +5.0% |
| 1999 | 52.3% | -0.5% |
| 2000 | 51.7% | -1.2% |
| 2001 | 51.0% | -1.4% |
| 2002 | 48.8% | -4.3% |
| 2003 | 47.9% | -1.8% |
| 2004 | 49.8% | +4.1% |
| 2005 | 50.1% | +0.6% |
| 2006 | 47.8% | -4.6% |
| 2007 | 47.7% | -0.3% |
| 2008 | 42.3% | -11.3% |
| 2009 | 43.9% | +3.8% |
| 2010 | 45.8% | +4.4% |
| 2011 | 40.6% | -11.5% |
| 2012 | 41.1% | +1.3% |
| 2013 | 43.1% | +4.8% |
| 2014 | 43.2% | +0.3% |
| 2015 | 43.2% | -0.2% |
| 2016 | 47.8% | +10.7% |
| 2017 | 44.1% | -7.7% |
| 2018 | 46.1% | +4.6% |
| 2019 | 47.3% | +2.5% |
| 2020 | 42.1% | -10.9% |
| 2021 | 43.8% | +4.0% |
| 2022 | 42.9% | -2.2% |
| 2023 | 38.8% | -9.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 51.7% | 50.1% | 52.6% | 3 |
| 2000s | 48.1% | 42.3% | 51.7% | 10 |
| 2010s | 44.2% | 40.6% | 47.8% | 10 |
| 2020s | 41.9% | 38.8% | 43.8% | 4 |
Countries ranked near Namibia
More public sector data for Namibia
- Arms imports 54.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 17.82 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.004 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -77.78 % change on previous year (2014)
- Arms imports (SIPRI trend indicator values), gaps filled 54.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 119.6 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0266 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.77 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 362.39 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 42.51 SIPRI trend indicator values per square kilometre (2017)
Frequently asked questions
- What is compensation of employees in Namibia?
- Compensation of employees in Namibia was 38.8% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Namibia?
- The highest recorded value was 52.6% in 1992.
- What is the lowest compensation of employees recorded in Namibia?
- The lowest recorded value was 38.8% in 2023.
- How does Namibia rank for compensation of employees?
- Namibia ranks 33rd out of 155 countries with data for 2023.
- Is compensation of employees rising or falling in Namibia?
- Over the last ten years it is down 10.0%. The long-run trend across the full record is falling.
- Where does this Namibia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (% of expense). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.